Every 10-Q that TON Strategy Company (TONX) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow TONX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full TONX filings page.
TON Strategy Company reported a sharp transition into a Gram-focused digital asset treasury model for the quarter ended June 30, 2026. Revenue from staking rewards reached about $15.0 million for the quarter and $18.0 million for the first half of 2026, compared with no such revenue a year earlier. A large swing in other income, mainly from digital asset-related items, drove net income attributable to common shareholders to about $76.8 million for the quarter, versus a net loss of roughly $2.5 million in the prior-year quarter.
Digital asset holdings are now central to the balance sheet, with $369.5 million of Gram at fair value as of June 30, 2026, of which $111.3 million is unrestricted and $258.2 million restricted. The company had 230.5 million Gram units outstanding and 229.9 million units staked, making staking rewards a primary economic driver, while cash and cash equivalents declined to about $28.8 million from $39.5 million at year-end 2025. Continuing operations used approximately $10.6 million of operating cash in the first half of 2026.
Legacy digital media businesses are being exited and are presented as discontinued operations, generating a loss of about $7.0 million in the quarter and $6.6 million year-to-date, including a $5.2 million goodwill impairment tied to this wind-down. The company discloses significant exposure to Gram price movements, TON network performance, and evolving regulation, alongside use of long-dated advisory and custody arrangements and ongoing legal proceedings.
Ton Strategy Company reported results for the three months ended March 31, 2026 that reflect its transformation into a Toncoin-focused digital asset treasury business alongside MARKET.live and Go Fund Yourself.
Total revenue rose to $5.3 million from $1.3 million a year earlier, driven mainly by $3.0 million of TON staking revenue and growth at MARKET.live. However, the company recorded a large unrealized loss on its Toncoin holdings, contributing to an operating loss of $3.9 million and a net loss attributable to common stockholders of $91.0 million, compared with a $2.6 million loss in the prior-year quarter.
As of March 31, 2026, total assets were $321.7 million, including $272.0 million of Toncoin carried at fair value and cash, cash equivalents and restricted cash of $35.0 million. Stockholders’ equity was $316.6 million, and 56,530,617 common shares were outstanding.
TON Strategy Company (NASDAQ: TONX) reported a sharp swing to profitability in Q3 2025 as its new TON Treasury Strategy drove large fair‑value gains. Net income to common stockholders was $83.3 million for the quarter, compared with a loss in the prior year period, after recognizing a $120.4 million net gain on crypto assets. Revenue rose to $3.6 million in Q3 (nine months: $7.0 million), led by MARKET.live, Go Fund Yourself, and initial TON staking rewards.
Total assets climbed to $661.9 million at September 30, 2025, including $587.8 million of Toncoin (TON) at fair value ($525.7 million restricted; $62.1 million unrestricted) and cash and restricted cash of $53.9 million. The company reported an operating loss of $21.7 million in Q3 as general and administrative expenses increased with share‑based compensation and growth investments.
TONX executed a PIPE on August 7, 2025, selling common shares and pre‑funded warrants and recording significant non‑cash contributions in digital assets. The company staked 177,071,814 TON units and recognized $707 of staking reward revenue in the period. Shares outstanding were 59,090,521 as of November 5, 2025.